F. Carrington Weems - Special Warranty Deed

Browse Search

e e ASKINS & ARMSTRONG. P. C. ATTORNEYS AT LAW 702 W. FAIRMONT PARKWAY P.O. BOX 121B LA PORTE. TEXAS 77572-1218 KNOX W. ASKINS ~OHN ~ ARMSTRONG CLARK T. ASKINS TELEPHONE 281 471-1886 TELECOPIER 281 471-?047 KWASKINS@AOL.COM JOHN- A@SWBELL.NET CTASKINS@SWBELL.NET October 2, 2003_ Mr. F. Carrington Weems - W~ems & Co., Inc. 1603 West Clay Houston, TX 77019 Dear Carrington: Some weeks ago_ you and I had a discussion concerning a -possible exchange of property' between you _and the City of La Porte. The City of La Porte needs to acquire the two northernmost lots in Block 1254, Town of 'La Porte, being Lots 1 and 32 in Block 1254. These two Jlots border on Bay Forest Boulevarq, which is the entry way to the City's Bay Fore13t Golf Course. I enclose title reports on these two lots, which show F. Carrington Weems, Trustee, as the record ownel;' on each lo.t_. Harris County Appraisal District shows a value of $1,600.00, or approximately $.50 per square foot, for -Lot 1, the interior lot, and $3,'150.00- for Lot 32, which is the lot at - the corner of Bay Forest. Boulevard and South Broadway, or approximately $1.00 per square foot. I also enclose a title commitment on Lots 24 and 25 in Block 1254, Town of La Porte, which shows record title in the City of La Porte, for the use- and benefit of itself - and other taxing units in a delinquent tax suit which has now been comp1eteq. You will note an obj ection of Schedule C, -Paragraph 7, which I have been advised by the title company has now been del-eted. The fair market value of these two' lots, both of which frop.t on South Broadway, is_ $6,300.00, or approximately $1.00 per square foot. An exchange of these lots between F. Carrington Weem~, Trustee, and the City of La Porte wo~ld meet the City-' s need to maintain a greenbelt next to the entranceway to the Golf Course, on Lots 1 and 32, Block 1254, and would help 'you complete the remainder of the- block, by your acquisition of title to Lots 24 and 25. Alt'hough the two 'city owned lots have a higher valuation than the two lots owned by F. - Car~ington Weems, Trustee, the city nevertheless proposes a cash free exchange of the properties. I~ addition, the City of La Porte'proposes a further exchange in Block 1254. The City of La Porte proposes to close the 16' wide alley in Block 1254, Town of La Porte, 'in exchange for a deed from F. Carrington Weems, Trustee, to the City of La Porte, of the west i6' of Lots 2 through 16,' in Block 1254, Town of La, Porte, Harris County, Texas, which is the west 16' of_the block. This would give